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HomeMy WebLinkAbout1987-22 Designating Resoures Industrial Bank as a Depository for the Funds of the TownRESOLUTION NO. 22 Series of 1987 A RESOLUTION DESIGNATING RESOURCES INDUSTRIAL BANK AS A DEPOSITARY FOR THE FUNDS OF THE TOWN AS PERMITTED BY THE CHARTER OF THE TOWN, ITS ORDINANCES, AND THE STATUTES OF THE STATE OF COLORADO. WHEREAS, the Town has the power to designate banks or financial institutions as depositories for funds of the Town; and WHEREAS, the Town wishes to designate Resources Industrial Bank as a depository for the funds of the Town. NOW, THEREFORE, be it resolved by the Town Council of the Town of Vaii, Colorado, that: 1. Resources Industrial Bank is hereby designated as a depository for the funds of the Town of Vail. 2. Charles Wick, the Director of Administrative Services of the Town of Vail, or his successor, and Richard Parzonko, Financial Contraller of the Town of Vail, or his successor, are hereby autharized to open any deposit account in the name afi the Tawn of Vail at Resources Industrial Bank, 101 Madison, Denver, Colorado, and to exercise any fund transfer agreement thereof. 3. This Resolution shall take effett immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this 4th day of August, ].987. ATTEST: Pamela A. 8randmeye~own Cierk Pat~l-~. Johnst , May.~^